Bank of America Merrill Lynch downgraded shares of Intel on Friday to "neutral" from "buy."

The chipmaker's second-quarter results left its 10-nanometer production process unresolved, which the firm's analysts say is Intel's "biggest risk."

Bank of America lowered its price target to $56 per share from its previous goal of $62 per share.

As tech giants race against the clock to fix major security flaws in microprocessors, many users are wondering what lurks behind unsettling names like 'Spectre' or 'Meltdown' and what can be done about this latest IT scare.

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Bank of America Merrill Lynch downgraded shares of Intel on Friday to "neutral" from "buy" after second-quarter results left what the firm's analysts call the chipmaker's "biggest risk" unresolved.

Intel's earnings revealed that its 10-nanometer chip production process would arrive in the second half of next year, meaning its next generations products would be delayed a year, arriving in by the holiday season of 2019. Intel has been facing pressure from competitors as Intel seeks to get to these products as soon as possible.